Rare freehold investment in Milford
• Quality entry-level freehold commercial investment
• Prominent Milford location with excellent street profile
• Established healthcare tenant returning $72,590pa
Quality freehold commercial investments in this price bracket are extremely scarce in Milford and across the North Shore. Prominently positioned on Kitchener Road, this property offers investors an affordable entry into one of Auckland's most desirable North Shore locations, with reliable rental income and excellent street profile.
The property benefits from a long-standing optometry tenant providing an established income stream. Having been held by the current owners for 32 years, the property also features a generous rear land area accommodating 7 car parks, offering practical utility and potential future upside.
Milford remains one of the North Shore's most tightly held commercial centres, supported by an affluent surrounding residential catchment, consistently low vacancy and strong demand for both commercial and residential property.
• Prominent Milford location with excellent street profile
• Established healthcare tenant returning $72,590pa
Quality freehold commercial investments in this price bracket are extremely scarce in Milford and across the North Shore. Prominently positioned on Kitchener Road, this property offers investors an affordable entry into one of Auckland's most desirable North Shore locations, with reliable rental income and excellent street profile.
The property benefits from a long-standing optometry tenant providing an established income stream. Having been held by the current owners for 32 years, the property also features a generous rear land area accommodating 7 car parks, offering practical utility and potential future upside.
Milford remains one of the North Shore's most tightly held commercial centres, supported by an affluent surrounding residential catchment, consistently low vacancy and strong demand for both commercial and residential property.
Key features
Prime frontage
Excellent Exposure onto Kitchener Road with high foot-traffic
Occupancy
Fully leased returning $72,590 + GST & outgoings p.a
Land area breakdown
306sqm (approximately) Town Center zoned freehold site
Amenities
Close proximity to Milford Shopping Centre and an abundance of local café’s and restaurants
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